SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* First Reserve GP XI, Inc. (Last) (First) (Middle) ONE LAFAYETTE PLACE (Street) GREENWICH CT 06830 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol INERGY L P [ CEQP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 10/07/2013
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	10/04/2013		M(1)		14,318,396	A	(1)	49,421,509	I	See Footnotes(2)(4)
Common Units								52,000	I	See Footnotes(3)(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Contract right (right to acquire)(3)	(5)	10/04/2013		M			14,318,396	(5)	10/21/2013	Common Units	14,318,396	(1)	0	I	See Footnotes(2)(4)

1. Name and Address of Reporting Person* First Reserve GP XI, Inc. (Last) (First) (Middle) ONE LAFAYETTE PLACE (Street) GREENWICH CT 06830 (City) (State) (Zip)

1. Name and Address of Reporting Person* First Reserve GP XI, L.P. (Last) (First) (Middle) ONE LAFAYETTE PLACE (Street) GREENWICH CT 06830 (City) (State) (Zip)

1. Name and Address of Reporting Person* MACAULAY WILLIAM E (Last) (First) (Middle) ONE LAFAYETTE PLACE (Street) GREENWICH CT 06830 (City) (State) (Zip)

1. Name and Address of Reporting Person* FR Midstream Holdings LLC (Last) (First) (Middle) ONE LAFAYETTE PLACE (Street) GREENWICH CT 06830 (City) (State) (Zip)

1. Name and Address of Reporting Person* FR XI CMP Holdings LLC (Last) (First) (Middle) ONE LAFAYETTE PLACE (Street) GREENWICH CT 06830 (City) (State) (Zip)

1. Name and Address of Reporting Person* Crestwood Holdings Partners, LLC (Last) (First) (Middle) 700 LOUISIANA STREET, SUITE 2060 (Street) HOUSTON TX 77002 (City) (State) (Zip)

1. Name and Address of Reporting Person* Crestwood Holdings II LLC (Last) (First) (Middle) 700 LOUISIANA STREET, SUITE 2060 (Street) HOUSTON TX 77002 (City) (State) (Zip)

1. Name and Address of Reporting Person* Crestwood Holdings LLC (Last) (First) (Middle) 700 LOUISIANA STREET, SUITE 2060 (Street) HOUSTON TX 77002 (City) (State) (Zip)

1. Name and Address of Reporting Person* Crestwood Gas Services Holdings LLC (Last) (First) (Middle) 700 LOUISIANA STREET, SUITE 2060 (Street) HOUSTON TX 77002 (City) (State) (Zip)

Explanation of Responses:

1. On October 7, 2013, the merger (the "Merger") contemplated by the Agreement and Plan of Merger, dated as of May 5, 2013 (the "Merger Agreement"), among Inergy, L.P. (the "Issuer"), Inergy Midstream, L.P. ("NRGM"), NRGM GP, LLC, Intrepid Merger Sub, LLC, Crestwood Midstream Partners LP ("CMLP"), and Crestwood Gas Services GP, LLC was consummated and pursuant to the Follow-On Contribution Agreement (the "Follow-On Contribution Agreement"), dated May 5, 2013, by and among the Issuer, Inergy GP, LLC, the general partner of the Issuer (the "General Partner"), Crestwood Holdings LLC ("Crestwood Holdings"), and Crestwood Gas Services Holdings LLC ("Gas Services Holdings"), on October 7, 2013, Gas Services Holdings contributed to the Issuer 7,137,841 common units of NRGM in exchange for 14,318,396 Common Units of the Issuer.

2. These securities are held directly by Gas Services Holdings. Gas Services Holdings' sole member is Crestwood Holdings, whose sole member is Crestwood Holdings II LLC, whose sole member is Crestwood Holdings Partners, LLC, whose controlling member is FR XI CMP Holdings LLC, whose sole member is FR Midstream Holdings LLC ("FR Midstream Holdings").

3. These securities are held directly by KA First Reserve, LLC ("KAFR"). FR Midstream Holdings owns a majority of the membership interests in KAFR and controls the board of managers of KAFR.

4. FR Midstream Holding managing member is First Reserve GP XI, L.P., whose general partner is First Reserve GP XI, Inc. (FR GP Inc.). William E. Macaulay is a director of FR GP Inc. and has the right to appoint a majority of the board of directors of FR GP Inc. Crestwood Holdings and Gas Services Holdings hold all of the limited partner interests in Inergy Holdings, L.P., the sole member of the General Partner.

5. Upon consummation of the Merger, the Follow-On Contribution Agreement permitted Gas Services Holdings, as designated by Crestwood Holdings pursuant to the Follow-On Contribution Agreement, to contribute to the Issuer 7,137,841 of the common units of NRGM that Gas Services Holdings received upon the consummation of the Merger in exchange for 14,318,396 Common Units of the Issuer.

Remarks:

The Reporting Persons disclaim beneficial ownership of the securities reported on this Form 4 except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of these securities for purposes of Section 16 or for any other purpose.

	/s/ Michael France, Managing Director for First Reserve GP XI, Inc.	10/07/2013
	/s/ Anne E. Gold, Attorney-in-Fact for William E. Macaulay	10/07/2013
	/s/ Michael France, Managing Director for First Reserve GP XI, Inc., the General Partner of First Reserve GP XI, L.P.	10/07/2013
	/s/ Michael France, Managing Director for First Reserve GP XI, Inc., the General Partner of First Reserve GP XI, L.P., the Managing Member of FR Midstream Holdings LLC	10/07/2013
	/s/ Michael France, Managing Director for First Reserve GP XI, Inc., the General Partner of First Reserve GP XI, L.P., the Managing Member of FR Midstream Holdings LLC, the Managing Member of FR XI CMP Holdings LLC	10/07/2013
	/s/ Joel C Lambert, Senior Vice President for Crestwood Holdings Partners, LLC	10/07/2013
	/s/ Joel C Lambert, Senior Vice President for Crestwood Holdings II LLC	10/07/2013
	/s/ Joel C Lambert, Senior Vice President for Crestwood Holdings LLC	10/07/2013
	/s/ Kelly J. Jameson, Senior Vice President for Crestwood Gas Services Holdings LLC	10/07/2013
	** Signature of Reporting Person	Date
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